Countryside Properties PLC (LON:CSP) was downgraded by equities researchers at Barclays PLC to an “equal weight” rating in a report released on Thursday, July 13th. They currently have a GBX 359 ($4.68) price target on the stock, up from their previous price target of GBX 353 ($4.60). Barclays PLC’s target price would suggest a potential upside of 4.85% from the stock’s current price.
A number of other brokerages have also recently commented on CSP. Peel Hunt reissued a “buy” rating and issued a GBX 395 ($5.14) price target on shares of Countryside Properties PLC in a research report on Wednesday, June 21st. J P Morgan Chase & Co upped their price objective on Countryside Properties PLC from GBX 305 ($3.97) to GBX 335 ($4.36) and gave the company an “overweight” rating in a research report on Thursday, May 18th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 330 ($4.30) price objective on shares of Countryside Properties PLC in a research report on Tuesday, May 16th. Finally, Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 346 ($4.51) price objective on shares of Countryside Properties PLC in a research report on Wednesday, April 12th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 353 ($4.60).
Shares of Countryside Properties PLC (LON CSP) traded up 1.06% during mid-day trading on Thursday, hitting GBX 342.40. The stock had a trading volume of 607,542 shares. Countryside Properties PLC has a 1-year low of GBX 219.93 and a 1-year high of GBX 372.80. The company’s market capitalization is GBX 276.01 million. The stock’s 50-day moving average price is GBX 353.77 and its 200 day moving average price is GBX 287.81.
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About Countryside Properties PLC
Countryside Properties plc (Countryside) is a United Kingdom-based housebuilder and regeneration partner, primarily operating in London and the South East of England, and with a presence in the North West of England. Countryside operates through two divisions: Housebuilding and Partnerships. The Company’s Housebuilding division develops medium to larger-scale sites, providing private housing on private land, primarily around London and in the South East of England.
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